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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (19499)	7/22/1999 3:38:00 PM
From: shane forbes	Respond to of 25814

RESEARCH ALERT - LSI started at buy, target $65 NEW YORK, July 22 (Reuters) - Credit Suisse First Boston analyst Tim Mahon said Thursday he initiated coverage of semiconductor maker LSI Logic Corp. (NYSE:LSI - news) with a buy rating and a $65 price target. -- Mahon said CSFB believes upside in second quarter came from stronger than expected first-generation PlayStation revenues, with a potential future upside for coexistence of both generations of PlayStation. -- Expects LSI to continue to make strategic acquisition in order to gain market share in its end markets. -- Said capacity dynamics are improving as Gresham facility ramps and the Siltera agreement provide additional manufacturing capacity in the coming years. -- Believes LSI will be core in holding in current semiconductor upturn. -- On Wednesday, LSI reported net income of $31.2 million, or $0.31 per share, over net income of $32.5 million, or $0.23 per share, in the year-ago period. -- Revenues for Q2/99 were $501 million over $336 million the previous year. -- Shares of LSI Logic were trading just above $51 on the New York Stock Exchange, up more than $1 from Wednesday's close. ----- Let's see how much do CFO's get in annual pay? Hmm.. A very big number. Now we have several million people who think they can do at most half of this job of analyzing a company's operations. Yeah right. If that is the case America has a huge oversupply of untapped brilliant talent. I don't think so. BTW Thank you Mr. Greenspan for [at least temporarily] helping to squeeze out some of the hot air from the big techs and more imporantly dampen the unrealistic expectations of people who think they know what they are doing. See Jack run now See Jack hide now See Jack tumbling now. La La La Ha Ha Ha... Anyway relaxation time now. Onto my other babies. Be back much later. Tweedle Dee Tweedle Dumb... La La La... Ha Ha Ha... Yup! ----